Is It Hard to Get Approved for a Refinance?

Transcript

Hello everybody, Scott Dill from Texas Home Loans, letting you answer the question. Is it hard to get a refinance? Yes and no. You have to have the right credit scores, typically above a 620. You have to have the right debt to income ratio and you have to have equity in the property and, and you have to have gainful employment to cover your debt to income ratio.

So yes, it could be if you’ve compromised credit or don’t have the income or if your debts are excessive to your income, but if you have the equity income, and your debt to income ratio in line, then you can get a refinance. Hope that answers the question.